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Discontinued Operations (Tables)
12 Months Ended
Mar. 31, 2025
Discontinued Operations and Disposal Groups [Abstract]  
Schedule of Results of Operations for the Discontinued Operations of Company

The following depicts the results of operations for the discontinued operations of the Company for the fiscal years ended March 31, 2025 and 2024:

 

 

For the Fiscal Year Ended March 31,

 

(In thousands)

 

 

2025

 

 

 

2024

 

Interest and fee income on finance receivables

 

$

1,229

 

 

$

22,237

 

 

 

 

 

 

 

 

Operating expenses

 

 

 

 

 

 

Marketing

 

 

6

 

 

 

99

 

Provision for credit losses

 

 

-

 

 

 

2,570

 

Fair value and other adjustments, net

 

 

(140

)

 

 

24,164

 

General and administrative

 

 

840

 

 

 

9,178

 

Total operating expenses

 

 

706

 

 

 

36,011

 

 

 

 

 

 

 

 

Other expense

 

 

 

 

 

 

Interest expense

 

 

-

 

 

 

929

 

Total other expense

 

 

-

 

 

 

929

 

 

 

 

 

 

 

 

(Gain) on disposal of assets, net of tax

 

 

(1,692

)

 

 

-

 

(Gain) on sale of finance receivables, net of tax

 

 

(823

)

 

 

-

 

 

 

 

 

 

 

 

Income (loss) from discontinued operations before income taxes

 

 

3,038

 

 

 

(14,703

)

Income tax (expense) benefit

 

 

-

 

 

 

-

 

Income (loss) from discontinued operations, net of tax

 

$

3,038

 

 

$

(14,703

)

 

The assets and liabilities of discontinued operations presented in the Consolidated Balance Sheets as of March 31, 2025 and 2024 include the following:

 

 

March 31,

 

(In thousands)

 

2025

 

 

2024

 

Assets of discontinued operations

 

 

 

 

 

 

Finance receivables held for sale, at a lower of amortized cost or fair value

 

$

-

 

 

$

38,773

 

Repossessed assets held for sale, at lower of carrying value or fair value less cost to sell

 

 

-

 

 

 

668

 

Total assets of discontinued operations

 

$

-

 

 

$

39,441

 

 

 

 

 

 

 

 

Liabilities of discontinued operations

 

 

 

 

 

 

Accounts payable

 

$

90

 

 

$

497

 

Total liabilities of discontinued operations

 

$

90

 

 

$

497